Ford Mustang Mach-E review: running costs & insurance
Charging and company-car tax costs for the Mustang Mach-E are rock-bottom, but insurance could be bit pricey and warranty coverage is only average
|Insurance group||Warranty||Service interval||Annual company-car tax cost (20%/40%)|
|37-47||3yrs/60,000 miles||1yr/10,000 miles||From £203 / £406|
Like all electric cars, the Mustang Mach-E will be significantly cheaper to run than petrol or diesel-engined equivalents, but it's certainly not the very cheapest electric car to run. For one, its high list price means finance repayments (as a private buyer) or company-car tax (as a business user) will be higher than for some alternatives, despite slotting into the lowest 2% Benefit-in-Kind bracket.
Ford Mustang Mach-E insurance group
The Mustang Mach-E is rated in insurance groups from 37 for the entry-level car to 47 for the range-topper. That compares to groups 19-21 for Ford's plug-in hybrid family SUV, the Kuga, so coverage will inevitably be a bit more expensive, all else being equal. Unless you opt for the GT, the Mustang Mach-E will generally be cheaper to cover than a Tesla Model Y, which is rated in groups 46 to 49 – pretty much the highest there is.
Ford has long sold its cars in the UK with a three-year/60,000-mile manufacturer warranty and that policy hasn't changed with the move to electric. That duration is equivalent to many typical finance deals and company-car terms, though, so many owners won't mind.
Those hoping to keep their car longer will note that the Hyundai Ioniq 5 (five years/unlimited miles) and Kia EV6 (seven years/100,000 miles) both offer more comprehensive coverage. You can buy an extended warranty once the initial cover runs out, however, and the Mach-E's battery is covered by a separate eight-year/100,000-mile guarantee, which protects you against a serious reduction in its capacity to hold charge.
A 'Ford Protect Service Plan' is available for up to three years, letting you choose between monthly payments (available online only) or an upfront lump sum. Either way, Ford says, it's cheaper than paying for the required services individually.
Like all fully zero-emissions cars, the Mustang Mach-E is exempt from UK road tax (also known as Vehicle Excise Duty, or VED) until 2025. It’s also exempt from things such as the London Congestion Charge and Ultra Low Emissions Zones (ULEZs) for the time being, too.
According to the latest industry figures, the Mustang Mach-E is forecast to retain around 50% of its value over three years and 36,000 miles. This is slightly behind the 56% supposedly retained by the Ioniq 5 and 60% by the Tesla Model Y.
In This Review
- 1VerdictFord's first attempt at a dedicated electric car is a success; the Mustang Mach-E is a practical, fast and technologically advanced SUV
- 2Range, battery & chargingThe Mustang Mach-E offers superb range and the necessary rapid charging speeds in order to make longer journeys a cinch
- 3Running costs & insurance - currently readingCharging and company-car tax costs for the Mustang Mach-E are rock-bottom, but insurance could be bit pricey and warranty coverage is only average
- 4Performance, motor & driveThe Mustang Mach-E does a good job of living up to its sports car nameplate with sharp handling and punchy performance
- 5Interior, dashboard & comfortIt's not the last word in luxury inside, but the Mach-E does get an interesting interior design and plenty of up-to-date on-board technology
- 6Boot space, seating & practicalityFront and rear luggage areas, plus a pretty roomy cabin, mean the Mustang Mach-E scores well in this area
- 7Reliability & safety ratingA five-star crash-test rating, coupled with plenty of standard safety kit, put the Mustang Mach-E in good stead